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TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Work permits for Golden Residency holders

    The Ministry of Human Resources and Emiratisation has announced the start of issuing work permits for Golden Residency holders.
    The step is an implementation of the Cabinet resolution, under which work permits for Golden Residency holders were created.
    The ministry stated that such permits are required in three cases. First are those who were unemployed when they received their Golden Residency, and wish to start working for a certain employer; second are Golden Residency holders who plan to start working for a new employer, and third, is when a current employer wishes to renew the work permit and contract of a Golden Residency holder.